Step into the realm of versatile real estate opportunities with this exceptional multi-dwelling property in the coveted Teatown Reservation area of New Castle! Seamlessly intertwining homeowner and investor dreams, this unique compound offers unparalleled opportunity and rich history. The centerpiece is a striking contemporary home spanning nearly 4, 000 square feet, meticulously renovated in 2003. Featuring 3 bedrooms, 5 bathrooms, radiant floor heat throughout, and a host of versatile spaces including a home office and remarkable great room once a renowned recording studio hosting some of the greatest musicians of their time - now transformed into a lavish, soundproofed, private home theater for unparalleled entertainment. Each of the 3-levels offer its own private outdoor terrace, including a wraparound off the primary suite, enhancing the connection to the serene surroundings. The one-car detached garage offers abundant storage space and potential for conversion into a fitness room or recreational area. Complementing the main house are two detached additional dwellings, currently generating income. One, adjacent to the main residence, presents a two-level layout with 1 bedroom, 1 full bath, and a full kitchen. The second, over 120 yards down the road, offers 2 bedrooms, 1 full bath, a full kitchen, and a finished basement, totaling over 2, 200 square feet, with its own private parking. Sitting on nearly 3 acres of tranquil landscape bordering a state park with exclusive walking trails, this distinctive home blends country living with contemporary comforts. Don't miss this incredible opportunity to acquire your dream villa while simultaneously owning income-producing investment properties-a rare gem in the Westchester market!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,499,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,199,999 | $1,199,999 | $1,199,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $2,242 | $2,242 | $2,242 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,720 | $7,291 | $9,885 |
Total Monthly Payment | $9,087 | $9,658 | $12,252 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.